Page 14 - Business Finance
Hong Kong Market gains for sixth consecutive day
Federal Reserve Chairman Powell and Vice Chair Williams are both scheduled to speak tomorrow. Investors will be looking for any further clues on the path, timing and magnitude of Fed interest rates in the months ahead and whether they validate market expectations of easing at the July FOMC meeting. Markets are already pricing in several cuts and a result the USD has weakened sharply over recent months, suggesting that the bar to an even more dovish stance is high. Nonetheless, the Fed is at least likely to deliver a 25bp rate cut at the July meeting followed by at least one or two further hikes this year.
Trejhara Solutions Ltd leads losers in 'B' group
BSL Ltd, Nagarjuna Oil Refinery Ltd, HB Stockholdings Ltd and Techindia Nirman Ltd are among the other losers in the BSE's 'B' group today, 24 June 2019.
Volumes soar at Emami Ltd counter
Emami Ltd clocked volume of 157.61 lakh shares by 14:19 IST on NSE, a 43.38 times surge over two-week average daily volume of 3.63 lakh shares
IndusInd Bank gains on buzz Hindujas to infuse capital
IndusInd Bank was up 1.18% to Rs 1465.80 at 13:56 IST on the BSE after media reports suggested that the bank's promoters will infuse Rs 2,700 crore to get their stake back to 15%.
Intellect Design Arena to deploy Quantum Central Banking Solution for Bank of Mongolia
Powered by Capital Market - Live News
Cottonseed oil cake futures dip on muted spot demand
Cottonseed oil cake prices dipped by Rs 98.5 to Rs 2,746 per quintal in futures trade Monday, tracking a muted trend at spot market. On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in July contracts went down by Rs 98.5, or 3.46 per cent, to Rs 2,746 per quintal with an open interest of 57,520 lots. The rate for August delivery contracts, too, was trading down by Rs 104, or 3.61 per cent, to Rs 2,777 per quintal in 33,890 business lots.
ANAROCK Partners With Aldar to Market its Abu Dhabi Properties in India
/ -- The ANAROCK Group, India's leading specialised real estate services firm, has partnered with Aldar Properties PJSC ('Aldar') , Abu Dhabi's leading property development, management and investment company, to market some of Abu Dhabi's most sought after properties to Indian investors and buyers. (Logo: https://mma.prnewswire.com/media/830831/ANAROCK_Logo.jpg) (Photo: https://mma.prnewswire.com/media/827633/ANAROCK_Anuj_Puri.jpg) The partnership will provide Indian investors with direct access to Aldar's portfolio of world-class destinations across Abu Dhabi. This includes: Mamsha Al Saadiyat, located on the beach adjacent to the capital's iconic cultural district home to the Louvre Abu Dhabi, the much-anticipated Zayed National Museum, and the Guggenheim Yas Island developments such as Mayan, Yas Acres, and Water's Edge (all close to Ferrari World and Warner Bros World) and Alghadeer , a short distance away from Expo 2020 Dubai and theme parks Bollywood World, Legoland, and ...
China Market ends steady ahead of trade talks
Market participants were nervously awaiting outcome of the expected meeting between Presidents Donald Trump and Xi Jinping later this week for any signs of de-escalation in a trade war that is damaging the global economy and souring business confidence. The leaders will meet on the sidelines of the G20 summit in Japan.
Castor seed futures up by Rs 8 on firm bets
Castor seed prices rose by Rs 8 to Rs 5,394 per quintal in futures trade Monday after investors widened their bets amid firm trend at the spot market. Marketmen said apart from rising demand from consuming industries short position of stocks in the spot market mainly led to the rise in castor seed futures. On the National Commodity and Derivatives Exchange, castor seed for July contracts was trading higher by Rs 8, or 0.15 per cent, to Rs 5,394 per quintal clocking an open interest of 174,025 lots. Castor seed for August contracts edged higher by Rs 8, or 0.15 per cent, to Rs 5,470 per quintal having an open interest of 84,475 lots.
Barometers trade with small losses
Key benchmarks were trading with small losses in afternoon trade. At 13:16 IST, the barometer index, the S&P BSE Sensex, was down 41.07 points or 0.10% at 39,153.42. The Nifty 50 index was down 14.30 points or 0.12% at 11,709.80.
Australia Market ends steady ahead of G20, Fed and Iran
Federal Reserve Chairman Powell and Vice Chair Williams are both scheduled to speak tomorrow. Investors will be looking for any further clues on the path, timing and magnitude of Fed interest rates in the months ahead and whether they validate market expectations of easing at the July FOMC meeting. Markets are already pricing in several cuts and a result the USD has weakened sharply over recent months, suggesting that the bar to an even more dovish stance is high. Nonetheless, the Fed is at least likely to deliver a 25bp rate cut at the July meeting followed by at least one or two further hikes this year.
Board of Rites approves bonus issue in ratio of 1:4
At meeting held on 24 June 2019
Wipro Ltd down for fifth straight session
Wipro Ltd is quoting at Rs 285.25, down 0.21% on the day as on 13:24 IST on the NSE. The stock jumped 47.7% in last one year as compared to a 8.85% rally in NIFTY and a 16.89% spurt in the Nifty IT index.
Zee Media Corporation Ltd soars 6.19%
Zee Media Corporation Ltd is quoting at Rs 12, up 6.19% on the day as on 12:54 IST on the NSE. The stock is down 58.48% in last one year as compared to a 8.98% fall in NIFTY and a 34.15% fall in the Nifty Media index.
United Spirits Ltd stays supported
United Spirits Ltd is quoting at Rs 559.35, up 1.35% on the day as on 12:54 IST on the NSE. The stock is down 17.02% in last one year as compared to a 8.98% jump in NIFTY and a 3.55% jump in the Nifty FMCG index.
Godrej Industries Ltd in demand
Godrej Industries Ltd is quoting at Rs 478.1, up 1.55% on the day as on 12:54 IST on the NSE. The stock is down 21.34% in last one year as compared to a 8.98% gain in NIFTY and a 3.55% gain in the Nifty FMCG index.
Scanpoint Geomatics allots 43.33 lakh equity shares under rights issue
At board meeting held on 24 June 2019
Copper futures fall 0.04% on profit-booking
Copper futures traded lower by 0.04 per cent to Rs 415.50 per kg Monday as speculators off-loaded their bets to book profits. Besides, subdued demand at the domestic spot market further pushed down metal prices here. On the Multi Commodity Exchange, copper for delivery in June contracts shed 15 paisa, or 0.04 per cent, to Rs 415.50 per kg in a business turnover of 22,280 lots. Analysts attributed the fall in copper prices to offloading of positions by participants amid muted demand at the domestic spot market.
Crude oil futures rise 0.82 pc on global cues
Crude oil prices rose 0.82 per cent to Rs 4,050 per barrel in futures trade Monday as speculators created fresh positions taking positive cues from global markets. On the Multi Commodity Exchange, crude oil for delivery in July contracts was trading higher by Rs 33, or 0.82 per cent, to Rs 4,050 per barrel in a business turnover of 15,884 lots. Analysts said speculative positions built up by traders tracking a better trend overseas mainly influenced sentiments at futures prices here. Meanwhile, West Texas Intermediate (WTI) crude oil gained 0.64 per cent to USD 57.80, while global benchmark Brent advanced 0.35 per cent to USD 65.43 per barrel.
